They should have excellent negotiation skills, know how to solve problems and get through transaction challenges like a jedi master.  10.

Yes, you can sue the tenant for damages, maybe win, but would you ever get anything?

Its in their interest to win so they don't haev to pay out. 

LLCs are excellent asset protection tools that have their place.Now YOU can argue that in YOUR specific situation, YOU decided that you can live with the risks of using only an umbrella policy.

Figure out what percent chance you have of winning, what percent of the amount owed a lawyers going to charge, and go with the lower percent. 

Both of us together have no problem affording the new build but separately we can not even with our excellent credit. 

If they have served their time, their debt to society has been paid and you have no right to hold it against them - is the argument that is winning large settlements. 

I plan on bidding high with intent on winning with few contingencies.

The Portfolio: Five multi-families (All 3 units, excellent tenants, excellent locations, well-kept).

The Portfolio: Five multi-families (All 3 units, excellenttenants, excellent locations, well-kept).